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#IOTX/USDT ANALYSIS
IOTX is consolidating within a descending channel and is currently facing rejection from the channel's resistance trendline. The 200-day moving average is also acting as a resistance barrier. We should wait for a confirmed breakout or breakdown to determine the next move for IOTX.
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Binance Futures, KuCoin Futures, OKX Futures
#CELO/USDT Take-Profit target 5 ✅
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Period: 21 Days 9 Hours 26 Minutes ⏰
KuCoin Futures
#QNT/USDT Take-Profit target 5 ✅
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#QNT/USDT All take-profit targets achieved 😎
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Period: 8 Days 4 Hours 4 Minutes ⏰
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✅ Entry: 9.970 - 9.725
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#BTC/USDT ANALYSIS
Bitcoin is rebounding from the horizontal demand zone, where the 200 MA is providing support. Currently, the Ichimoku cloud is acting as resistance, indicating bearish momentum.
A breakout above the Ichimoku cloud barrier could lead to further upward movement, while a breakdown below the horizontal demand zone and 200 MA would signal a bearish trend.
#S&P 500 ANALYSIS
The S&P 500 recently experienced a breakout from a classic cup and handle pattern, which is typically considered a bullish continuation signal.
As the index approaches a retest of this formation, it has also filled the CME gap. Currently, the 21MA is providing additional support just below the pattern's neckline.
A successful retest of the neckline could validate the breakout, triggering a strong bullish rally and indicating further upward momentum in the index.
This scenario could lead to increased buying interest and trading volume as investors look to capitalize on the continuation of the upward trend.
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Binance Futures, KuCoin Futures, OKX Futures
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Period: 27 Days 2 Hours 56 Minutes ⏰